1912 Broadway 107
Santa Monica, CA, 90404
$489,000
MLS: 25540545
Beds
1
Baths
1
Sq Ft
722
Lot
0.34 ac
Year Built
2008
MLS #
25540545
Days on Market
321
Listed
May 19, 2025
Description
Rare opportunity to own a deed-restricted unit in the highly desirable city of Santa Monica The property is designated for rental use only. The unit must be leased to low income tenants who qualify through the city's approved program. They must meet the eligibility requirements of the city. The property owner may not live in the unit per the deed restriction.Experience the best of Santa Monica in this chic and contemporary condo. Soaring high ceilings and expansive floor to ceiling windows fill the unit with natural light perfect for modern living. Enjoy the convenience of an inside washer and dryer, a generous walk in closet, and large private outdoor patio perfect for your morning coffee. This secure building has a controlled key fob entry and se. cure parking . Located just minuets from Santa Monica's best restaurants, cafes, shopping, transportation and hospitals. Living in close proximity to the ocean you will enjoy a coastal urban lifestyle. Deed Restriction.
Location
Santa Monica, Los Angeles County, CA 90404
Open on Google Maps ↗Listed by: Jane Topol · Jane Topol
Payment estimate
$3,697
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $48,900 · Loan: $440,100
- Principal & Interest
- $2,704
- Property tax (1.25%)
- $509
- Homeowners insurance
- $300
- Mortgage insurance
- $183
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Santa Monica home with as little as 3.5% down using an FHA loan — roughly $17,115 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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